Industries

Healthcare and Life Sciences

Healthcare and Life Sciences

Drive faster credit approvals, stronger collections, and steady cash flow with an intelligent platform designed for healthcare and life sciences. Automated reviews, AI-powered risk insights, and seamless workflows keep your operations responsive, reliable, and ready for the pace of modern care.

Refine Your O2C Operations

As the U.S. population ages, the demands for hospitals, clinics, and care providers are growing exponentially, creating a significant growth opportunity for medical suppliers and manufacturers. Those positioned with the most efficient credit and AR operations stand to reap the rewards of this expanding market. Bectran’s end-to-end order-to-cash platform unifies siloed teams and processes into a single, focused business driver, transforming back-office functions into the competitive advantage needed to best capitalize on this opportunity. 

84%

Of medical companies report losses due to AR shortcomings.

Automate credit decisions, document collection, and send payment reminders.

Meeting Industry Challenges

Credit operations in this industry are under strain as an aging US population accelerates equipment utilization, and rapid advancement in medical technology increases the demand, cost, and variety of equipment. 

Tight Competition

Large market wholesalers are engaged in a nationwide struggle for a limited number of care providers.

Aging Population

Medical equipment consumption is rapidly growing, increasing demand but straining existing operations.

Security Compliance

Digitally connected products, manufacturing processes, and developments of new products have all heightened the need for advanced cybersecurity practices.

Transform Your Healthcare O2C Operations

You’re operating in a fast-changing, high-demand industry. Your credit systems should support that — not slow you down.

Bectran creates an infrastructure core for your business to manage risk with confidence, move fast without compromise, and pull in every data point in real-time at the exact moment you need it.
Comprehensive Reporting and Analytics
  • Segment customers into portfolios to track operations by regions, service type, and more 
  • Real-time customer performance data, payment behavior tracking, creditworthiness, and risk 
  • Effortlessly gain access to real-time operational metrics such as DSO, CEI, and more 
Faster Decisioning Times
  • Paperless credit applications improve visibility, with customizable forms streamlining processing 
  • Scale your operations without compromising review standards 
  • Automate manual tasks in application processing, including reference requests, identity verification, and more
Manage Risk
  • Monitor creditworthiness in real time and stay notified when changes occur 
  • Receive early warning indicators of potential defaults and changes in payment behavior 
  • Predictive analytics lay a path for reviews, optimizing your current and future processes based on historical data. 

Key Features for Medical Suppy and Healthcare

Digital Credit Application
Enable customers to submit applications directly through your website or by link, reducing errors and centralizing intake.
Reporting and Analytics
Track and receive real-time updates on current and projected cash flow, DSO, CEI, and risk exposure.
Compliance and Audit
Automatically generate audit trails for all decisions and approvals made on the platform.
Manage Complex Payment Terms
Configure terms automatically based on customer type, size, and purchase volume.

Why Choose Bectran for Healthcare?

The medical industry is confronted with an enormous opportunity for growth as increased spending and technological advancement widen the equipment requirements of the largest service providers. At Bectran, we understand that to capitalize on emergent opportunities in this sector, your credit operations need to analyze and approve applications faster than your competitors.  
Purpose-Built
Customer Success
Proven Experience
Reporting and Analytics

Customizable and Scalable

Whether you supply hospitals, clinics, or sole practitioners at a national or local level, leverage an end-to-end O2C platform to fulfill your credit and collections requirements.
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Tailored Engineering

Our in-house engineering and customer success teams work with you to ensure that every aspect of our software implementation aligns with your goals.  
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Trusted Platform

Our healthcare supply and manufacturing clients have enabled us to develop solutions that solve some of the sectors' biggest credit and AR pain points.
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Scalable Global Operations

Track and receive real-time updates on current and projected cash flow, DSO, CEI, and risk exposure.
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What our Clients say

"We collect money faster. Compared to last year, we're $10 million ahead, which is substantial in our business."

Frank van Straalen

Chief Financial Officer,

Monrovia Nursery Company

"It's been a very positive experience. Not only with implementation, but with custom modifications or changes down the road... we have a very good partner in Bectran that listens to and understands our needs."

Dan Harvick

Vice President of Credit,

Ben E. Keith

"Bectran uses advanced logic to connect with our customers and give them more information...[Bectran] has been quicker and easier for our customers."

Chris Arrington

Chief Credit Officer,

SRS Distribution

"The technical team met with us on multiple occasions. They made time available, even during our working hours, in order to implement the solution."

Tim Murphy

Senior Information Systems Project Manager,

Michelin

"We're not a cookie-cutter credit department... we were very impressed with how Bectran stuck with us, even with the curveballs we threw."

Shane Inglesby

Corporate Credit Manager,

Clyde Companies

Resources and Insights

Explore the forefront of O2C innovation

Automating Your Cash Application: What You Should Know
How to Turn Your AR Process into a Customer Retention Strategy
B2B Credit and Payment Fraud: Why You Should Be Prepared

When's the Last Time Your Portfolio got a Check-Up?

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